Record of Decision - Vectis Ventures - Blackgang car park

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THE CALL IN PERIOD FOR THIS DECISION EXPIRES AT 5.00PM ON FRIDAY,
11 JANUARY 2013. THE DECISION CANNOT BE IMPLEMENTED UNTIL AFTER
THAT DATE.

RECORD OF DECISION TAKEN UNDER DELEGATED POWERS AT COUNTY
HALL, NEWPORT, ISLE OF WIGHT ON FRIDAY, 04 JANUARY 2013

Present: Cllr George Brown – Deputy Leader and Cabinet Member for the
Economy and Regulatory Services

Jon Baker – Democratic Services Officer

Item Agreement To Vectis Holdings Ltd Being Treated as a Special
Purchaser of Blackgang Viewpoint Car Park, Chale
Decision
45/12
reference
Notice of Decision
Friday, 7 December 2012
Published
Decision taken Option (1) - THAT Vectis Holdings Limited be treated as a special
purchaser on the conditions set out in paragraph 7 of the report, for
the council owned land known as Blackgang Viewpoint car park,
subject to a further report to confirm that the council is achieving best
consideration from this disposal.
Reason for To contribute towards the “thriving island” theme of the sustainable
decision community strategy (Eco Island) as it would help protect and
enhance the island’s natural beauty as well as support economic
development and regeneration, particularly through tourism.
Additional To “actively seek to sell or dispose of assets that are surplus to
reasons requirements” – a key principles in delivering its corporate plan
(2011-2013)
Options Option (2) To offer the council owned land known as Blackgang
considered and Viewpoint car park for sale on the conditions set out in the paper
rejected (paragraph 7) to all adjacent landowners only, including Vectis
Holdings Ltd.

Option (3) To offer the council owned land known as Blackgang
Viewpoint car park for sale on the conditions set out in the paper
(paragraph 7) on the open market and to undertake an appropriate
marketing exercise for the site.

Option (4) To wait until market conditions improve before
beginning any process to dispose of the council owned land known a
Blackgang Viewpoint car park.

Option (5) Not to dispose of the council owned land known as
Blackgang Viewpoint car park.

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Declarations of
None declared
interest
Additional advice None received
received

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